CIBC introduces additional Canadian Depositary Receipts ("CDRs")

TORONTO, April 16, 2024 /CNW/ - Today CIBC announced a new addition to its Canadian Depositary Receipts ("CDRs") lineup, now available on Cboe Canada. Introduced to investors over two years ago, CIBC now has a total of 55 CDRs available in market.  

CDRs make it easy to invest in many of the world's largest companies – in Canadian dollars. Offered at a fraction of the price per share of the underlying reference share, and with a built-in notional currency hedge, CDRs provide investors with affordable access to US-listed stocks while mitigating the currency risk associated with global investing.

The new CDR is listed below with its Cboe Canada ticker symbols:

• Supermicro Canadian Depositary Receipt (CAD Hedged) – SMCI

This adds to the existing lineup of CDRs which are available for trading on Cboe Canada.

The Prospectus Supplement for these latest Series of CDRs has been filed on SEDAR+ at www.sedarplus.ca. For more information about CDRs, please visit https://cdr.cibc.com.

CIBC is a leading North American financial institution with 13 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.

SOURCE CIBC